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Stonegate Mortgage Corp (NYSE:SGM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday. The firm currently has a $14.20 price target on the stock. Zacks‘s price target indicates a potential upside of 2.82% from the stock’s previous close.

SGM has been the subject of a number of other recent research reports. Analysts at Compass Point raised their price target on shares of Stonegate Mortgage Corp from $13.00 to $14.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of Stonegate Mortgage Corp from $18.00 to $16.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.60.

Stonegate Mortgage Corp (NYSE:SGM) traded up 0.22% during mid-day trading on Tuesday, hitting $13.84. The stock had a trading volume of 57,460 shares. Stonegate Mortgage Corp has a 1-year low of $11.81 and a 1-year high of $18.94. The stock has a 50-day moving average of $13.46 and a 200-day moving average of $14.06. The company’s market cap is $356.6 million.

Stonegate Mortgage Corp (NYSE:SGM) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $57.60 million for the quarter, compared to the consensus estimate of $62.80 million. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts predict that Stonegate Mortgage Corp will post $1.46 earnings per share for the current fiscal year.

Stonegate Mortgage Corporation is a United States-based specialty financial services firm focused on the United States residential mortgage market.

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